Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$16,190$16,190$301,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$285,310$0
Funding fee$0$0$0
Note rate7.170%7.170%7.320%
Blended rate7.720%7.748%7.560%
1st payment$116.47$116.47$2,071.10
2nd payment$0.00$1,842.63$0.00
Taxes / mo$172.08$172.08$172.08
Insurance / mo$150.00$150.00$150.00
MI / mo$7.64$7.64$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$446.19$2,288.82$2,453.48
Cash to close$318,810$33,500$33,500